SOURCE: PV Enterprises International, Inc.

October 30, 2013 14:05 ET

PV Enterprises International Inc. Provides Corporate Update

New Focus Strategy Into $36 Billion Ecotourism Market

FORT LAUDERDALE, FL--(Marketwired - Oct 30, 2013) - PV Enterprises International Inc. (OTC Pink: VDSC), (the "Company"), a global shipping management company, is pleased to provide the following corporate update to its shareholders and the investment community. This release includes information about the company's new plans and announcement of enhanced corporate strategy.

VDSC has been in shipping management services providing consulting, construction, refurbishing, dry-docks and trading, areas representing an approximately $6 billion market. The company will now position itself to become a leader in specialty cruise ecotourism; a $36 billion segment of a rapidly growing market.

"We are very excited about our new focus in a much larger market with undiscovered areas, where our unique strengths can be effectively utilized," says Mr. Peter Villiotis, CEO of VDSC. "Consistent with our firm commitment to build a global integrated global maritime services company, we have accomplished much over the past year to develop our company. We established strategic alliances with an array of maritime companies including agreements for charters and logistics with a Fortune 100 company, a development agreement for a Maritime Visual Communication Platform, and the securing of $16.5 million in asset backed financing. During the past fiscal year VDSC announced the signing of letters of intent to acquire several companies. Unfortunately, these acquisitions did not materialize in time due to unexpected erosion in the company's share price that made the financing terms unacceptable. We are now redoubling our efforts toward our new specialty cruise ecotourism strategy and to position ourselves as a global leader in this $36 billion emerging market segment," added Mr. Villiotis.

According to The International Ecotourism Society, ecotourism has been growing 3 times faster than the tourism industry as a whole, exhibiting an average growth rate of 20% per annum. Within 5 years ecotourism is expected to reach a $473 billion per year value, capturing over a quarter of the entire tourism market.

"Fusing both specialty cruises with ecotourism, utilizing proprietary technology, brand promotion and adding new asset revenues will enable us to become an industry leader. VDSC has recognized the huge potential in specialty cruises coupled with ecotourism. This relatively new, immature and inefficient segment of this $36 billion market presents enormous potential. Furthermore implementing an ecofriendly touch to specialty cruises has many additional benefits including enhanced appeal, cost reductions and high acceptability," stated Mr. Villiotis.

The company has unmatched industry expertise. Our CEO Peter Villiotis, with over 25 years of experience is a veteran marine designer, engineer and entrepreneur responsible for the building, operations and maintenance of some of the world's largest cruise vessels.

"VDSC is increasingly attracting professional and entrepreneurial talent," says Mr. Villiotis. "This is a very exciting time for the company; we are working tirelessly to grow our business and become a leading player of specialty cruise ecotourism," adds Mr. Peter Villiotis, CEO of PV Enterprises.

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Safe Harbor Statement:

This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of PV Enterprises International, Inc., members of their management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.


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